Quintain Steel (Taiwan) Market Value
| 2017 Stock | TWD 11.55 0.05 0.43% |
| Symbol | Quintain |
Quintain Steel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Quintain Steel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Quintain Steel.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Quintain Steel on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Quintain Steel Co or generate 0.0% return on investment in Quintain Steel over 720 days. Quintain Steel is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. Quintain Steel Co., LTD. engages in the production and sale of galvanized wires in Taiwan and internationally More
Quintain Steel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Quintain Steel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Quintain Steel Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.82 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 1.67 |
Quintain Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quintain Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quintain Steel's standard deviation. In reality, there are many statistical measures that can use Quintain Steel historical prices to predict the future Quintain Steel's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.43) |
Quintain Steel Backtested Returns
Quintain Steel maintains Sharpe Ratio (i.e., Efficiency) of -0.0959, which implies the firm had a -0.0959% return per unit of risk over the last 3 months. Quintain Steel exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quintain Steel's Coefficient Of Variation of (1,062), risk adjusted performance of (0.07), and Variance of 2.35 to confirm the risk estimate we provide. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quintain Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quintain Steel is expected to be smaller as well. At this point, Quintain Steel has a negative expected return of -0.15%. Please make sure to check Quintain Steel's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Quintain Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Quintain Steel Co has modest predictability. Overlapping area represents the amount of predictability between Quintain Steel time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Quintain Steel price movement. The serial correlation of 0.53 indicates that about 53.0% of current Quintain Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Quintain Steel lagged returns against current returns
Autocorrelation, which is Quintain Steel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Quintain Steel's stock expected returns. We can calculate the autocorrelation of Quintain Steel returns to help us make a trade decision. For example, suppose you find that Quintain Steel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Quintain Steel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Quintain Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quintain Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quintain Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Quintain Steel Lagged Returns
When evaluating Quintain Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quintain Steel stock have on its future price. Quintain Steel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Quintain Steel autocorrelation shows the relationship between Quintain Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Quintain Steel Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Quintain Stock Analysis
When running Quintain Steel's price analysis, check to measure Quintain Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quintain Steel is operating at the current time. Most of Quintain Steel's value examination focuses on studying past and present price action to predict the probability of Quintain Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quintain Steel's price. Additionally, you may evaluate how the addition of Quintain Steel to your portfolios can decrease your overall portfolio volatility.